Hong Kong's Cosmopolitan interim revenue skyrockets 892% on Chengdu hotel sale

Cosmopolitan International Holdings

26/08/2026 15:31

Overview
Hong Kong property developer's interim revenue jumped 892% yr/yr after Chengdu hotel sale
Net loss widened mainly due to impairment on Xinjiang reforestation project prepayments
Company cites sluggish sales of remaining Chengdu and Tianjin properties amid weak market

Outlook
Company expects gradual stabilization in China's real estate market, supported by government policies
Cosmopolitan International Holdings will monitor market conditions for relaunching sales in Chengdu and Tianjin
Company is exploring en bloc disposals and strategic options for completed projects and Urumqi land grant

Result Drivers
CHENGDU HOTEL SALE - Revenue was boosted by completion and sale of hotel property in Chengdu
XINJIANG IMPAIRMENT - Net loss widened mainly due to impairment of prepayment costs on Xinjiang reforestation project
WEAK PROPERTY SALES - Sales progress for remaining commercial components in Chengdu and Tianjin was slow amid weak market conditions

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$158.80 mln
 
H1 Net Loss Attributable
 
HK$232.40 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-26/545128ba-b761-4925-8eed-2ebae1d325ef.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)